Updated Dec 4, 2024
Aly Elattal Acquires Multifamily Property On Montrose Avenue In Williamsburg, Brooklyn For $3.2M
200 Montrose Avenue, Brooklyn, New York 11206, United States
$3,200,000
$1,965/SF
Building Size
1,628 SF
Asset Type
MultiFamily
Closing
Aug 8, 2022
About this deal
AI
A multifamily property located at 200 Montrose Avenue in Williamsburg, Brooklyn has been sold in a recent transaction. The property is zoned as R6 and has a total building size of 5,346 square feet. The sale price for the property was $3,200,000, resulting in a price per square foot of $598. The lot size is 2,200 square feet, with dimensions of 22 ft x 100 ft. The transaction took place on 08/09/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 200 Montrose Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Zoning: R6
- Building Size: 5,346 square feet
- Price per Square Foot: $598
- Lot Size: 2,200 square feet
- Lot Dimension: 22 ft x 100 ft
- Sale Date: 08/09/2022
Aly Elattal was the buyer in this transaction, while Anthony M Calogero was the seller. The property was listed under tax class 1 and has a floor area ratio (FAR) of 0.74. An alteration permit was issued for the property on 08/17/2015.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93